Canadá's determination to carry oh Her part of the war to her fullest possible capacity hab been indicated in: the: budget: submitted by Col. J. L.
ion, Finance Minister, the House of Commons. Col, Ralston who whi later succeed the late Mr. Norman Rogers as Minister of Defence, delivered to the House 2 budget speech which while appearing to be somewhat staggering in its contents, has been generally received by the public of Canada with general consent.
Canadians must share their incomes, large and smál, with the Government in order to further the all-important task of carrying "on the war to a successful conclusion, according to the speech delivered by the Finance Minister.
Despite the imposition of new and increased taxes expected to bring $280,000,000 in new revenue in a full year of operation, Col. Ralston was vomipeltéd to budget for a deficit of between $550,000,000 and $600,000,000 for the year. This deficit will be raised by borrowing.
A special National Defence tax was imposed on all incomes of single persons earning over $600 a year, and of married persons earning over $1,200 a year, in addition to increases inthe regular income tax rates.
Text read from the printed page and cleaned; old type leaves the occasional error.